Financial Transparency Coalition

New analysis from James S Henry looks at the amount of money leaving emerging economies headed for tax havens and offshore financial centers. More below:

PRESS RELEASE The latest investigation from the International Consortium of Investigative Journalists (ICIJ) zeroes in on the Panama-based law firm Mossack Fonseca, and is perhaps the starkest example yet of how financial secrecy helps fuel crime, corruption, and inequality that stifle development around the globe.

From Argentina’s La Nacion newspaper: “Switzerland has denied the Argentine judicial authorities information about 4,000 or so Argentine-owned bank accounts in Switzerland, saying that Argentina’s request had no solid foundation.” This concerns data revealed by an HSBC whistleblower, Hervé Falciani, which has caused a political storm in many countries and forced Falciani to go into hiding. 

When most people think of the Netherlands, what may first come to mind are charming canal-side towns filled with people riding bicycles amid tulip fields and windmills. But the Netherlands is much more than windmills and tulips.